About $526,000 will be spent to construct a 22,000 square foot building that is designed to draw more business investment to Duncan.
The Duncan Area Economic Development Foundation held a groundbreaking ceremony Wednesday for the “spec” building in the city’s North Industrial Park on Boren Boulevard.
Duncan Mayor Gene Brown commended the foundation for the project.
“It shows your dedication to economic development,” he said.
The building is intended to help businesses visualize their place in Duncan.
“If you can’t show them what space they can have, it’s much more challenging to bring them here,” said Lyle Roggow, foundation board president.
Construction is expected to be completed by March 20.
The building essentially will be a shell, with few amenities, so that a future tenant or owner can make changes, Roggow said.
“I don’t know how long a building like that will stay vacant. But I don’t expect it to take even a year,” he predicted.
DAEDF constructed its first spec building in 1999.
The structure was bought by Nuflow, a spinoff of the Halliburton Co., which later sold it to Cameron Measuresments Systems, Roggow said.